This month we see RCL down to 28 from its high of 38. There has been an overall sell off that has hurt cruise line stocks a lot since they seem to be consumer-confidence sensitive.
There are reason for concern with RCL. They have been dropping prices a lot - based on lower fuel prices, but they dropped their Best Price Guarantee also - which may affect sales but will also reduce costs going forward.
Pricing is soft, but if the economy turns around here ( they Euro has made a u-turn) then this could a momentary bottom and we could see a pretty quick recovery.
Note that Carnival has fared much better in the last week or so, already gaining back some of the loss from this Euro-induced downturn.